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Infrastructural Development and Growth of Micro, Small and Medium Scale Enterprises (MSME)

Author

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  • Monica Agu
  • E. E. Isichei
  • T. M. Olabosinde

Abstract

A critical perspective on micro, small and medium scale enterprises is the believe that it contributes to improve social and economic advancement of a nation. However, this critical component in an economy remains underutilized in most developing nations. This study on that background delved into unravelling infrastructural development effect to the growth of MSMEs. The new growth theory provided a theoretical underpinning to the study and extant literatures showed gaps that justify the need for the study. The population of the study was 1067 and using Taro Yamane formular a sample size of 300 MSME was used for the study. Content validity provided a validity with expert opinions on the instrument while reliability index was between 0.70 – 0.85 using Cronbach Alpha. The multiple regression technique was used to test the three hypotheses and the result proved the alternate hypothesis significant in all three hypotheses. The study concludes that infrastructural development has impacts on the growth of MSMEs. Therefore, the study recommends among others that government should pay to the infrastructural facilities in the country and ensure they imbibe a maintenance culture that helps reduce waste.

Suggested Citation

  • Monica Agu & E. E. Isichei & T. M. Olabosinde, 2018. "Infrastructural Development and Growth of Micro, Small and Medium Scale Enterprises (MSME)," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(4), pages 71-77, December.
    • Handle: RePEc:khe:scajes:v:4:y:2018:i:4:p:71-77
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    References listed on IDEAS

    as
    1. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
    2. Kessides, C., 1993. "The Contributions of Infrastructure to Economic Development, A review of Experience and Policy Implications," World Bank - Discussion Papers 213, World Bank.
    3. Wang, Eric C., 2002. "Public infrastructure and economic growth: a new approach applied to East Asian economies," Journal of Policy Modeling, Elsevier, vol. 24(5), pages 411-435, August.
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    Cited by:

    1. Ejikeme Emmanuel Isichei & Samuel Taiwo Olabosinde & Blessing Shaibu, 2024. "Entrepreneurial Resilience and Business Survival: The Mediating Role of Self-compassion," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 33(1), pages 7-33, February.

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    More about this item

    Keywords

    Infrastructural development; government policies; growth; Micro small and medium Enterprises;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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